Isn't it nice to know that the Fed is now backing Chrysler warranties? And they are telling GM's CEO it is time to go - they fired him.
These are the same folks that can't pass a budget without pork, and won't take the time to read a bail out bill that spends more money than we ever have . . . Then complain about what was in it.
We are supposed to trust them to run the American Auto Industry? Who are we kidding. All they are doing is trying to buy votes for the Dems in the next election by putting off the hard cuts that the auto makers are going to have to make to survive. They want to be seen as saving jobs so the unions will keep backing them. Forget the cost to us tax payers, and forget the fact that the unions make it so the American Auto Industry can not compete on wages with the foreign auto makers, even what they pay for workers in their AMERICAN plants!
The government is getting in to things they don't understand, have no Constitutional power to get into, and they are going to cost us dearly in doing it. These companies need to go bankrupt, and deal with the reorganization to become profitable that way. But Obama don't want to do that - that would mean union pay gets cut and jobs are lost. No, Obama wants to save the overpay and the hacks on the payroll (as long as they are not management) so he is getting into it.
Good luck to us all, he may have just killed our Auto Industry. . . not that it matters much, he is trying to kill the rest of the economy too. . . and it seems to be working. . . .
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